Friday, March 1, 2013

Marc Faber on “How Will The Money Printing Experiment End?”

Marc Faber : “Well, that is a very good question. I wish I knew the answer
precisely. I suppose what will happen at some point is that both the
fiscal deficit question will have to be addressed, and that less money
will have to be printed, which will then have a negative impact on asset
markets…”
“Now will it just trigger a correction or a more serious bear market
in asset prices? Who knows? Once this happens, since most of the
economic activity was supported by the rise in asset markets, I suppose
they will print more money, and again have larger deficits.”
“So we don’t know exactly when the end will come. It could be 1 year
from now, 3, 5, 10 years from now, but obviously one day it will come to
an end. The longer it’s not seriously addressed, and the way I look at
Congress they are not going to undertake serious decisions any time
soon, the longer it’s not addressed the more structural damage will be
done to the economy, and to society.”- Marc Faber, via a recent King World News interviewSource: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/2/22_This_Is_How_The_Great_Money_Printing_Experiment_Will_End.html

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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

Marc Faber Issues Dire Warning of 40 Stock Market Crash Marc Faber is an international investor known for his uncanny predicti...

Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.

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Dr. Marc Faber Short Bio

Who is Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.